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It's great for buying drugs though! (Which is funnily the only actually legitimate usecase)
I was interested in Monero because it actually was what people thought Bitcoin was.
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It's great for buying drugs though! (Which is funnily the only actually legitimate usecase)
And sending donations to causes the government doesn't endorse. A good example was the truck manifestation in Canada a few years ago, they went after all the donors for what was a legitimate protest. Anyone using bank transfers or any crypto that wasn't Monero was persecuted. Those who used Monero had their privacy assured and zero issues.
The article skip over the results? Did the design succeeded? Which hardware do miner uses, and is it evenly distributed? Can I mine Monero on potato hardware?
https://old.reddit.com/r/Monero/comments/1h6e4nk/randomx_5_y...
Most miners use AMD Ryzens. Couldn't tell you the actual breakdown of CPU types in use. Apple's M series CPUs are quite efficient at it too. Bitmain now sells a "Monero RandomX Mining ASIC" which is just a bunch of RISC-V cores, seemingly based on Sophon SG2042 SOCs. There's nothing special or more cost-effective about their product.
You can mine on old smartphones quite easily. I use a bunch of old Android TVboxes myself. Their hashrates are nothing to crow about, but their hashes/watt are still competitive with faster CPUs.
There is a RandomX V2 that will be deployed soon. Its main improvement is even cheaper verification cost.
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I partially heat my home by running the default Monero client on old Xeons (heat ejects near my desktoes). As I only mine when it's cold outside (otherwise using resistive heating), there is no actual net electricity cost. IMHO it's not "worth it" for an individual to buy equipment specifically to mine crypto... but if you already have an old machine AND you heat without a heatpump, it's a free hobby/heater. ---- To…
Just use a Linux laptop with a working battery so you never have to worry about power outages or other system crashes. In that case, you don't need safe sync mode, and you don't have to kill your SSD.
Particularly on its initial sync, Monero's daemon is flakeyAF.
If you (e.g.) don't allow `sync in background` (why is this not the default behavior?!), the official Monero client is notorious for locking up on wakeup. Once you kill the process, your local blockchain is [most likely] unusable.
Another reason to use safe-sync is (e.g.) if your system (Linux or whatnot) decides to update/restart during the several days it takes to sync-initially.
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Just out of curiosity, why do you abuse an SSD so (safe-mode, or not)?
For SSD-diehards, I'd recomment getting a very large size because this'll last longer, presuming the drive self-levels.
I never quite understand this stuff, maybe someone can help. Are cryptocurrencies supposed to be a potential replacement for real life cash? This was my understanding of the motivation behind Bitcoin, at least. If so, why does it make sense that people can "generate" cash by proving some amount of work done? This of course cannot be done with normal cash. Is the main functionality of these cryptocurrencies supposed t…
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We are very far from 2140, the year the last bitcoin will be mined. 15 years is nothing, this is a very long term paradigm shift.
Is 2140 how far we're moving the goal posts now? All these resources burned will totally be worth it in over a hundred years?
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I’d argue that this is more of a feature than a bug. The assumption behind the “deflation is bad” argument is that spending itself is the goal. But spending is not automatically good. Productive spending and productive investment are good. Wasteful consumption, speculation, and forced risk-taking are not. If money holds its value, people become more selective. They still buy food, housing, tools, entertainment, exper…
In a deflationary system, rich people just hold money, and earn more in interest from holding the money, than everyone else earns combined. They use that interest to buy things from the poor while not producing or investing themselves. Poor people realize if they switch currencies they can have more things because they don't have to give a percentage of everything to the rich. This makes the system unstable. Bitcoin…
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Just use a Linux laptop with a working battery so you never have to worry about power outages or other system crashes. In that case, you don't need safe sync mode, and you don't have to kill your SSD.
Working battery ≠= avoiding system crashes | my local node has a UPS, and still Monero's client is dicey (Mac & Linux distros). Particularly on its initial sync, Monero's daemon is flakeyAF. If you (e.g.) don't allow `sync in background` (why is this not the default behavior? !), the official Monero client is notorious for locking up on wakeup. Once you kill the process, your local blockchain is [most likely] unusabl…
Totally false. LMDB is perfectly crash-proof in that scenario and killing the process never damages the DB. The only thing that's not guaranteed is turning off syncs, in the face of an OS crash/power outage.
If you don't sync, you're not abusing the SSD. If you run on Windows, the OS is too unstable to use without safe sync mode though.